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Economic Development Information |
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Demographics: (2000 US Census Data)• 5,067 Owner occupied housing units • 3,923 Renter occupied housing units • 1,195 Vacant housing units • 8,990 Total occupied housing units • 10,158 Total roof-tops • Population 30,000 • Median age: 27.9 • 28.4% of population over 25 are high school graduates • 7.1% of population over 25 have an associate’s degree • 5.7% of population over 25 have a bachelor’s degree • Median housing value: $70,500 • Median household income: $31,958
Economic Development Incentives:• In-house Job Training representative (POET Program) • Employ Illinois: State Treasurer’s low interest loan program • Illinois EDGE: Offers tax credits to qualifying businesses that make a capital investment of at least $5 million and create a minimum of 25 new jobs • Illinois Finance Authority Loan Program: IFA assists Illinois businesses that create or retain jobs by offering a loan participation program in conjunction with their lender. Through this program the Authority will purchase up to the lesser of $500,000, or a 50% participation in the loan, directly from the borrower’s lender • 5 TIF Districts • Enterprise Zone: The entire City of Harvey is within the Harvey-Phoenix-Hazel Crest EZ • Cook County Incentives: Class 6b is for industrial, distribution and warehousing enterprises while 7a covers commercial property and 7b serves industrial and commercial projects over $2 million. Class 8 provides special tax incentives for industrial and commercial projects • Cook County Tax Reactivation Program sites
Local Developments:• Sahloul Plaza – New construction strip mall located at 159th and Lincoln Ave. • Nearly completed strip mall located at 154th and Dixie Highway. • New Illinois Department of Employment Security office located at 160th and Halsted. • Outreach strip mall located at 147th and Wallace. • New residential construction located at 147th and Givines Court (6 multi unit buildings with 4 townhouses each) • New home construction located at 160th and Loomis (16 new homes) • Over 54 total residential projects in various stages of development
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Mayor's Welcome |
On behalf the entire Harvey community, I would like to welcome you to the official web site of Harvey, Illinois. Eric J. Kellogg Mayor |
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